When buying property from a Non-Resident Indian (NRI), one of the key aspects that differentiates it from typical real estate transactions is the Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act. While Indian residents are subject to a 1% TDS on property transactions above ₹50 lakh, the TDS rate increases significantly for property sales involving an NRI seller. The buyer must deduct TDS at rates starting from 20% and deposit it with the Indian income tax authorities. A
When buying property from a Non-Resident Indian (NRI), one of the key aspects that differentiates it from typical real estate transactions is the Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act. While Indian residents are subject to a 1% TDS on property transactions above ₹50 lakh, the TDS rate increases significantly for property sales involving an NRI seller. The buyer must deduct TDS at rates starting from 20% and deposit it with the Indian income tax authorities. A
Prime Minister Narendra Modi is set to launch a nationwide HPV (Human Papillomavirus) vaccination campaign on February 28, 2026, aiming to combat cervical cancer, one of the leading causes of cancer-related deaths among women in India. This significant initiative will provide free vaccinations to 14-year-old girls at government health centers across the country, marking a major step forward in India’s preventive healthcare efforts. Key Deta
Prime Minister Narendra Modi is set to launch a nationwide HPV (Human Papillomavirus) vaccination campaign on February 28, 2026, aiming to combat cervical cancer, one of the leading causes of cancer-related deaths among women in India. This significant initiative will provide free vaccinations to 14-year-old girls at government health centers across the country, marking a major step forward in India’s preventive healthcare efforts. Key Deta
For Non-Resident Indians (NRIs), purchasing health and term insurance in India presents an attractive option due to affordable premiums and extensive coverage. Indian insurance companies offer plans that are often more economical than those available in foreign countries, making them an ideal choice for NRIs who want to protect their families back home without overburdening their finances. These policies are customized to suit the needs of Indian families, offering high coverage at a fraction
For Non-Resident Indians (NRIs), purchasing health and term insurance in India presents an attractive option due to affordable premiums and extensive coverage. Indian insurance companies offer plans that are often more economical than those available in foreign countries, making them an ideal choice for NRIs who want to protect their families back home without overburdening their finances. These policies are customized to suit the needs of Indian families, offering high coverage at a fraction
The Reserve Bank of India (RBI) has recently imposed stricter regulations on offshore gifting, particularly for affluent Indian families sending substantial financial gifts to their children living abroad. These gifts are often used to support various needs, such as education, property purchases, or immigration investments, such as the U.S. EB-5 visa program. While the practice of offshore gifting has grown in popularity, the RBI has increased scrutiny, especially when these transactions invo
The Reserve Bank of India (RBI) has recently imposed stricter regulations on offshore gifting, particularly for affluent Indian families sending substantial financial gifts to their children living abroad. These gifts are often used to support various needs, such as education, property purchases, or immigration investments, such as the U.S. EB-5 visa program. While the practice of offshore gifting has grown in popularity, the RBI has increased scrutiny, especially when these transactions invo
Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange
Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange
Bank of India recently hosted an NRI Meet, “Pravasi Sampark,” in Mumbai’s North Zone, designed to enhance its engagement with the Non-Resident Indian (NRI) community. This initiative is part of the bank’s ongoing strategy to provide customer-centric financial services, catering to the evolving needs of NRIs, including banking, investment, and remittance solutions. The event highlighted the bank’s commitment to strengthening long-term relationships with global Indians by leveraging a
Bank of India recently hosted an NRI Meet, “Pravasi Sampark,” in Mumbai’s North Zone, designed to enhance its engagement with the Non-Resident Indian (NRI) community. This initiative is part of the bank’s ongoing strategy to provide customer-centric financial services, catering to the evolving needs of NRIs, including banking, investment, and remittance solutions. The event highlighted the bank’s commitment to strengthening long-term relationships with global Indians by leveraging a
Kalvakuntla Kavitha, once labeled the "Lady in Liquor Scam" during the Delhi liquor scam controversy, has been acquitted by the CBI court in Delhi. The court cleared her of all charges, citing a lack of evidence in the case. The allegations against Kavitha had sparked months of intense political scrutiny and legal battles. At one point, the Bharat Rashtra Samithi (BRS) party took action and removed her from her position within the party amidst the ongoing legal concerns. Despite the serious p
Kalvakuntla Kavitha, once labeled the "Lady in Liquor Scam" during the Delhi liquor scam controversy, has been acquitted by the CBI court in Delhi. The court cleared her of all charges, citing a lack of evidence in the case. The allegations against Kavitha had sparked months of intense political scrutiny and legal battles. At one point, the Bharat Rashtra Samithi (BRS) party took action and removed her from her position within the party amidst the ongoing legal concerns. Despite the serious p
Prime Minister Narendra Modi has achieved a significant milestone in the digital space, becoming the first world leader to cross 100 million followers on Instagram. The achievement highlights his strong presence on social media and reflects his influence in the global political landscape. Since joining Instagram in 2014, Modi’s account has steadily expanded in reach. What began as a platform to share official engagements, foreign visits, and personal moments gradually evolved into
Prime Minister Narendra Modi has achieved a significant milestone in the digital space, becoming the first world leader to cross 100 million followers on Instagram. The achievement highlights his strong presence on social media and reflects his influence in the global political landscape. Since joining Instagram in 2014, Modi’s account has steadily expanded in reach. What began as a platform to share official engagements, foreign visits, and personal moments gradually evolved into
On March 3, 2026, a Total Lunar Eclipse will occur, often referred to as a Blood Moon due to the deep red color the Moon will turn during totality. This happens when the Earth passes directly between the Sun and the Moon, casting its shadow completely over the Moon. Why Is It Called a Blood Moon? During the total lunar eclipse, Earth completely blocks direct sunlight from reaching the Moon. However, some sunlight filters t
On March 3, 2026, a Total Lunar Eclipse will occur, often referred to as a Blood Moon due to the deep red color the Moon will turn during totality. This happens when the Earth passes directly between the Sun and the Moon, casting its shadow completely over the Moon. Why Is It Called a Blood Moon? During the total lunar eclipse, Earth completely blocks direct sunlight from reaching the Moon. However, some sunlight filters t
Holi, one of India’s most beloved festivals, is more than just a day of celebration. The festival, which marks the arrival of spring and celebrates the victory of good over evil, is also a time for family gatherings, vibrant street celebrations, and joyous color play. However, this year, the date of Holi has confused due to a rare astronomical event—a lunar eclipse. In 2026, Holi is set to be celebrated on different dates across India, with some regions observing it on March 3 a
Holi, one of India’s most beloved festivals, is more than just a day of celebration. The festival, which marks the arrival of spring and celebrates the victory of good over evil, is also a time for family gatherings, vibrant street celebrations, and joyous color play. However, this year, the date of Holi has confused due to a rare astronomical event—a lunar eclipse. In 2026, Holi is set to be celebrated on different dates across India, with some regions observing it on March 3 a